Property profile

967 Conner St Detroit, MI 48215

FOR SALE
Residential land & home lots
Property ID
US43-1887558
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Property summary

AI-generated overview

Awesome residential infill development offered in the rapidly developing Jefferson Chalmers neighborhood. Only a few blocks from attractions like the Detroit River, steps away from Stellantis and Coriander . 7 lots included, 967, 1003, 997, 991, 987, 979, 973 Conner, offering 20,602 square feet total and cannot be sold separately. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property profile

Verified
Property type Residential land & home lots
UPID US43-1887558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

967 Conner St Detroit, MI 48215
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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